Le Heron, Edwin; Yol, Nicolas - In: European Journal of Economics and Economic Policies: … 16 (2019) 1, pp. 31-54
Migrants' remittances are an essential source of income in many developing countries. In this article, we build a post-Keynesian stock–flow consistent model adapted to Moldova, one of the top recipients of remittances. In addition to increasing household consumption, migrants' transfers have...